資產負債表僅顯示部份重要科目, 完整財報可參考這裡 玩股撇步(動畫小學堂)
- 現金是否充足, 是否沒有債務壓力. 現金和短期借款和一年內到期長期負債都很高的話要小心, 滿手現金卻不還債, 可能有問題
- 應收帳款或存貨是否突然大幅增加, 留意應收帳款超過營收
- 營收和獲利增加的速度要大於存貨和應收帳款的速度; 營收衰退, 應收帳款正常也要跟著減少
- 營業活動負債: 因營業活動而產生, 如應付帳款, 應付票據, 合約負債等, 通常不需要支付利息. 此類型負債上升, 通常代表業績增加, 議價能力變好
- 最容易被操弄的資產是應收帳款, 存貨和長期投資
- 如果有資金貸予他人要注意
- 非控制權益佔比: 非控制權益 / 股東權益總額, 如果這個值過大時要看個體報表, 不能只看合併報表
- 圖表中的值是加一取對數, 目的是為了看趨勢
- 還款急迫性 - 公司債 > 應付票據 > 銀行借款 > 應付員工 > 應付帳款/費用 > 其它
- 如果未分配盈餘為負, 就算當年有獲利也沒法配息
- 如果配息能力(未分配盈餘+其它權益)為負, 有可能會無法配息
| 現金及約當現金 YoY | 短期借款 YoY | 一年內到期長期負債 YoY | 資金貸予他人 YoY | 營收 YoY | 淨利 YoY | 應收帳款及票據 YoY | 應收帳款佔營收比(%) YoY | 存貨 YoY | 長期投資 YoY | 長期負債 YoY | 商譽及無形資產 YoY | 股本 YoY | 法定盈餘公積 YoY | 特別盈餘公積 YoY | 未分配盈餘 YoY | 保留盈餘 YoY | 其它權益 YoY | 配息能力 YoY | 非控制權益佔比 YoY | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 (10) | 5.85 | -69.16 | 13.2 | -40.0 | 0 | 0 | 0 | 0 | 103.7 | -31.62 | -20.13 | 0 | 11.19 | -3.62 | 10.79 | 40.96 | 8.79 | -25.76 | 0 | 0 | 18.52 | 27.72 | 0 | 0 | 29.2 | 0.0 | 1.93 | 0.0 | 0 | 0 | -24.83 | 0 | -22.9 | 0 | 3.25 | 71.05 | -21.58 | 0 | 0.00 | 0 |
| 2018 (9) | 18.97 | 99.06 | 22.0 | -11.72 | 1.52 | -91.98 | 0 | 0 | 151.66 | 14.95 | 3.32 | 0 | 11.61 | -1.02 | 7.66 | -13.9 | 11.84 | 55.38 | 0 | 0 | 14.5 | 3.72 | 0 | 0 | 29.2 | 0.0 | 1.93 | 0.0 | 0 | 0 | -4.6 | 0 | -2.67 | 0 | 1.9 | -8.21 | -2.7 | 0 | 0.00 | 0 |
| 2017 (8) | 9.53 | 167.7 | 24.92 | 47.37 | 18.95 | 131.1 | 0 | 0 | 131.93 | 34.8 | -3.55 | 0 | 11.73 | -9.84 | 8.89 | -33.12 | 7.62 | 23.3 | 0 | 0 | 13.98 | -61.2 | 0 | 0 | 29.2 | 0.0 | 1.93 | 0.0 | 0 | 0 | -7.91 | 0 | -5.99 | 0 | 2.07 | 935.0 | -5.84 | 0 | 0.00 | 0 |
| 2016 (7) | 3.56 | 12.66 | 16.91 | 31.09 | 8.2 | 57.09 | 0 | 0 | 97.87 | -16.65 | -4.16 | 0 | 13.01 | 34.68 | 13.29 | 61.58 | 6.18 | -31.56 | 0 | 0 | 36.03 | -18.56 | 0 | 0 | 29.2 | 0.0 | 1.93 | -85.02 | 0 | 0 | -4.16 | 0 | -2.24 | 0 | 0.2 | 0 | -3.96 | 0 | 0.00 | 0 |
| 2015 (6) | 3.16 | 125.71 | 12.9 | -16.72 | 5.22 | 103.11 | 0 | 0 | 117.42 | -49.18 | -18.63 | 0 | 9.66 | -45.36 | 8.23 | 7.52 | 9.03 | -54.74 | 0 | 0 | 44.24 | 4.19 | 0 | 0 | 29.2 | 0.0 | 12.88 | 0.0 | 0 | 0 | -10.95 | 0 | 1.93 | -90.62 | -0.63 | 0 | -11.58 | 0 | 0.00 | 0 |
| 2014 (5) | 1.4 | -83.49 | 15.49 | -3.67 | 2.57 | 1.58 | 0 | 0 | 231.07 | 2.33 | -5.76 | 0 | 17.68 | -31.1 | 7.65 | -32.67 | 19.95 | 56.59 | 0 | 0 | 42.46 | 5.62 | 0 | 0 | 29.2 | 0.0 | 12.88 | 0.0 | 0 | 0 | 7.7 | -34.52 | 20.58 | -22.1 | 0.46 | -28.12 | 8.16 | -34.19 | 0.00 | 0 |
| 2013 (4) | 8.48 | 0 | 16.08 | 0 | 2.53 | 0 | 0 | 0 | 225.8 | 0 | -6.53 | 0 | 25.66 | 0 | 11.36 | 0 | 12.74 | 0 | 0 | 0 | 40.2 | 0 | 0 | 0 | 29.2 | 0 | 12.88 | 0 | 1.78 | 0 | 11.76 | 0 | 26.42 | 0 | 0.64 | 0 | 12.4 | 0 | 0.00 | 0 |
| 現金及約當現金 QoQ YoY | 短期借款 QoQ YoY | 一年內到期長期負債 QoQ YoY | 資金貸予他人 QoQ YoY | 營收 QoQ YoY | 淨利 QoQ YoY | 應收帳款及票據 QoQ YoY | 應收帳款佔營收比(%) QoQ YoY | 存貨 QoQ YoY | 長期投資 QoQ YoY | 長期負債 QoQ YoY | 商譽及無形資產 QoQ YoY | 股本 QoQ YoY | 法定盈餘公積 QoQ YoY | 特別盈餘公積 QoQ YoY | 未分配盈餘 QoQ YoY | 保留盈餘 QoQ YoY | 其它權益 QoQ YoY | 配息能力 QoQ YoY | 非控制權益佔比 QoQ YoY | |||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20Q3 (20) | 15.98 | 5.55 | 13.17 | 21.9 | -2.28 | -9.54 | 0 | 0 | 0 | 0 | 0 | 0 | 21.76 | 48.74 | -12.19 | 0.03 | 101.18 | 100.58 | 13.2 | 52.95 | 1.23 | 16.48 | 58.72 | 45.41 | 5.15 | -1.15 | -53.18 | 0 | 0 | 0 | 29.94 | 0.0 | 106.2 | 0 | 0 | 0 | 13.2 | 0.0 | -54.79 | 0 | 0 | -100.0 | 0 | 0 | 0 | -4.03 | 0.74 | 69.42 | -4.03 | 0.74 | 64.18 | 0 | 0 | -100.0 | -4.03 | 0.74 | 61.4 | 0.00 | 0 | 0 |
| 20Q2 (19) | 15.14 | 21.22 | -22.24 | 22.41 | -7.85 | 10.29 | 0 | 0 | 0 | 0 | 0 | 0 | 14.63 | -32.74 | -54.2 | -2.55 | 25.66 | -34.21 | 8.63 | -21.19 | -29.78 | 10.38 | -4.77 | 10.51 | 5.21 | -11.39 | -33.12 | 0 | 0 | 0 | 29.94 | 61.58 | 106.2 | 0 | 0 | 0 | 13.2 | -54.79 | -54.79 | 0 | -100.0 | -100.0 | 0 | 0 | 0 | -4.06 | 84.61 | 49.44 | -4.06 | 83.39 | 33.44 | 0 | -100.0 | -100.0 | -4.06 | 84.59 | 21.47 | 0.00 | 0 | 0 |
| 20Q1 (18) | 12.49 | 113.5 | -31.3 | 24.32 | 84.24 | 29.64 | 0 | 0 | 0 | 0 | 0 | 0 | 21.75 | -0.91 | -13.1 | -3.43 | 70.3 | -122.73 | 10.95 | -2.14 | -10.69 | 10.90 | 1.05 | 26.05 | 5.88 | -33.11 | -32.8 | 0 | 0 | 0 | 18.53 | 0.05 | 27.71 | 0 | 0 | 0 | 29.2 | 0.0 | 0.0 | 1.93 | 0.0 | 0.0 | 0 | 0 | 0 | -26.38 | -6.24 | -330.34 | -24.45 | -6.77 | -482.14 | 0.04 | -98.77 | -98.5 | -26.34 | -22.06 | -661.27 | 0.00 | 0 | 0 |
| 19Q4 (17) | 5.85 | -58.57 | -69.16 | 13.2 | -45.48 | -40.0 | 0 | 0 | -100.0 | 0 | 0 | 0 | 21.95 | -11.42 | -34.08 | -11.55 | -124.27 | -14537.5 | 11.19 | -14.19 | -3.62 | 10.79 | -4.79 | 40.95 | 8.79 | -20.09 | -25.76 | 0 | 0 | 0 | 18.52 | 27.55 | -49.88 | 0 | 0 | 0 | 29.2 | 0.0 | 0.0 | 1.93 | 0.0 | 0.0 | 0 | 0 | 0 | -24.83 | -88.39 | -439.78 | -22.9 | -103.56 | -757.68 | 3.25 | 18.61 | 71.05 | -21.58 | -106.7 | -699.26 | 0.00 | 0 | 0 |
| 19Q3 (16) | 14.12 | -27.48 | -42.32 | 24.21 | 19.14 | -34.23 | 0 | 0 | -100.0 | 0 | 0 | 0 | 24.78 | -22.42 | -38.86 | -5.15 | -171.05 | -1875.86 | 13.04 | 6.1 | -27.68 | 11.33 | 20.63 | -3.98 | 11.0 | 41.21 | 24.72 | 0 | 0 | 0 | 14.52 | 0.0 | 0 | 0 | 0 | 0 | 29.2 | 0.0 | 0.0 | 1.93 | 0.0 | 0.0 | 0 | 0 | 0 | -13.18 | -64.13 | -182.83 | -11.25 | -84.43 | -312.09 | 2.74 | -4.2 | -14.64 | -10.44 | -101.93 | -620.0 | 0.00 | 0 | 0 |
| 19Q2 (15) | 19.47 | 7.1 | 22.61 | 20.32 | 8.32 | -34.62 | 0 | 0 | -100.0 | 0 | 0 | 0 | 31.94 | 27.61 | -25.48 | -1.9 | -23.38 | -187.16 | 12.29 | 0.24 | -37.23 | 9.40 | 8.61 | -31.56 | 7.79 | -10.97 | 30.7 | 0 | 0 | 0 | 14.52 | 0.07 | 0 | 0 | 0 | 0 | 29.2 | 0.0 | 0.0 | 1.93 | 0.0 | 0.0 | 0 | 0 | 0 | -8.03 | -31.0 | -62.22 | -6.1 | -45.24 | -101.99 | 2.86 | 7.12 | 15.79 | -5.17 | -49.42 | -108.47 | 0.00 | 0 | 0 |
| 19Q1 (14) | 18.18 | -4.16 | 41.59 | 18.76 | -14.73 | -28.86 | 0 | -100.0 | -100.0 | 0 | 0 | 0 | 25.03 | -24.83 | -28.4 | -1.54 | -2025.0 | -300.0 | 12.26 | 5.6 | 5.42 | 8.65 | 13.0 | -1.27 | 8.75 | -26.1 | 44.39 | 0 | 0 | 0 | 14.51 | -60.73 | 0 | 0 | 0 | 0 | 29.2 | 0.0 | 0.0 | 1.93 | 0.0 | 0.0 | 0 | 0 | 0 | -6.13 | -33.26 | 14.15 | -4.2 | -57.3 | 19.39 | 2.67 | 40.53 | 13.14 | -3.46 | -28.15 | 27.62 | 0.00 | 0 | 0 |
| 18Q4 (13) | 18.97 | -22.51 | 99.06 | 22.0 | -40.23 | -11.72 | 1.52 | -90.56 | -91.98 | 0 | 0 | 0 | 33.3 | -17.84 | -3.2 | 0.08 | -72.41 | -71.43 | 11.61 | -35.61 | -1.02 | 7.66 | -35.14 | -13.89 | 11.84 | 34.24 | 55.38 | 0 | 0 | 0 | 36.95 | 0 | 164.31 | 0 | 0 | 0 | 29.2 | 0.0 | 0.0 | 1.93 | 0.0 | 0.0 | 0 | 0 | 0 | -4.6 | 1.29 | 41.85 | -2.67 | 2.2 | 55.43 | 1.9 | -40.81 | -8.21 | -2.7 | -86.21 | 53.77 | 0.00 | 0 | 0 |
| 18Q3 (12) | 24.48 | 54.16 | 0 | 36.81 | 18.44 | 0 | 16.11 | 0.0 | 0 | 0 | 0 | 0 | 40.53 | -5.44 | 33.37 | 0.29 | -86.7 | 117.58 | 18.03 | -7.92 | 0 | 11.80 | -14.03 | 0 | 8.82 | 47.99 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29.2 | 0.0 | 0.0 | 1.93 | 0.0 | 0 | 0 | 0 | 0 | -4.66 | 5.86 | 0 | -2.73 | 9.6 | 54.95 | 3.21 | 29.96 | 0 | -1.45 | 41.53 | 0 | 0.00 | 0 | 0 |
| 18Q2 (11) | 15.88 | 23.68 | 0 | 31.08 | 17.86 | 0 | 16.11 | -15.03 | 0 | 0 | 0 | 0 | 42.86 | 22.6 | 29.96 | 2.18 | 183.12 | 184.82 | 19.58 | 68.36 | 0 | 13.73 | 56.69 | 0 | 5.96 | -1.65 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29.2 | 0.0 | 0.0 | 1.93 | 0.0 | 0 | 0 | 0 | 0 | -4.95 | 30.67 | 0 | -3.02 | 42.03 | 31.52 | 2.47 | 4.66 | 0 | -2.48 | 48.12 | 0 | 0.00 | 0 | 0 |
| 18Q1 (10) | 12.84 | 34.73 | 0 | 26.37 | 5.82 | 0 | 18.96 | 0.05 | 0 | 0 | 0 | 0 | 34.96 | 1.63 | 2.34 | 0.77 | 175.0 | 92.5 | 11.63 | -0.85 | 0 | 8.76 | -1.45 | 0 | 6.06 | -20.47 | 0 | 0 | 0 | 0 | 0 | -100.0 | 0 | 0 | 0 | 0 | 29.2 | 0.0 | 0.0 | 1.93 | 0.0 | 0 | 0 | 0 | 0 | -7.14 | 9.73 | 0 | -5.21 | 13.02 | -183.15 | 2.36 | 14.01 | 0 | -4.78 | 18.15 | 0 | 0.00 | 0 | 0 |
| 17Q4 (9) | 9.53 | 0 | 0 | 24.92 | 0 | 0 | 18.95 | 0 | 0 | 0 | 0 | 0 | 34.4 | 13.2 | 26.8 | 0.28 | 116.97 | 163.64 | 11.73 | 0 | 0 | 8.89 | 0 | 0 | 7.62 | 0 | 0 | 0 | 0 | 0 | 13.98 | 0 | 0 | 0 | 0 | 0 | 29.2 | 0.0 | 0.0 | 1.93 | 0 | 0 | 0 | 0 | 0 | -7.91 | 0 | 0 | -5.99 | 1.16 | -167.41 | 2.07 | 0 | 0 | -5.84 | 0 | 0 | 0.00 | 0 | 0 |
| 17Q3 (8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30.39 | -7.85 | 12.68 | -1.65 | 35.8 | -98.8 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29.2 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6.06 | -37.41 | -236.67 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 17Q2 (7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32.98 | -3.45 | 36.17 | -2.57 | -742.5 | -1268.18 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29.2 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.41 | -139.67 | -359.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 17Q1 (6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34.16 | 25.91 | 74.82 | 0.4 | 190.91 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29.2 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.84 | 17.86 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 16Q4 (5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27.13 | 0.59 | 42.27 | -0.44 | 46.99 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29.2 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.24 | -24.44 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.00 | 0 | 0 |
| 16Q3 (4) | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 26.97 | 11.35 | 0.0 | -0.83 | -477.27 | 0.0 | 0 | 0 | 0.0 | 0.00 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 29.2 | 0.0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | -1.8 | -87.5 | 0.0 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0.00 | 0 | 0.0 |
